The Bifrost SALP and DEX Modules will be available for public beta testing in Asgard CC4
Bifrost is currently building two protocols, SLP and SALP, that will enable fully decentralized derivatives minting via Kusama/Polkadot XCMP, with SALP being the first to go live following Bifrost’s successful bid for the Kusama parachain, according to the roadmap. At the same time, Zenlink will install the DEX module on Bifrost, enabling it to trade derivatives such as vToken, vsToken, BNC, and other assets via Bifrost DEX. The Bifrost Kusama parachain slot is currently undergoing internal testing and will be available for public testing on the Asgard CC4 testnet soon.
Bifrost Kusama Parachain Slots are now available for bidding, and a slot sprint incentive program will be launched soon, in which all users who participate in the Bifrost Kusama slot auction (Crowdloan or vsKSM Mint Drop) will receive a sprint incentive. Click HERE to learn more about the rewards and rules of the Bifrost Kusama Slot Auction.
The Polkadot Ecological DeFi fundamental protocol is Bifrost. It is dedicated to becoming a liquidity infrastructure for pledged assets. Bifrost released the vToken for Staking and Polkadot Parachain Slot variants (Crowdloan). It has raised $2.15 million from the NGC, SNZ, DFG, CMS, and other institutions, as well as a Web3 Foundation Grant. It’s also a part of the Web3 Bootcamp and the Substrate Builders Program.
vToken can enhance transactions in a variety of situations such as DeFi, DApp, DEX, CEX, and realize the transfer medium of pledge rights such as staking and Crowdloan via vToken, realize the risk hedging of pledge assets, and broaden scenarios such as vToken as collateral for lending, where the staking reward part of the interest can be offset to effectively reduce loans.